Look at person of non-violent to violent crimes and the frequency and proximity to your building you are looking to purchase.What about the tenants in the building you want to buy?

All profits & losses to be split evenly, 50%Opening a separate bank account for the LLC to receive rents inAll Cash flow will be put into a reserve account until the reserve amount is met, then distributions will occur (haven't decided on frequency).Any time money from the reserve account is used it will need to be replenished before distributions kick in againIn doing some searching on the forums I came across a few ideas I think are good:Setting a purchase cut off amount for a member to transact business up to a certain dollar amount (say $500.00) without consent of all members.How things will be handled if either of us passes away, gets married/divorced, or wants out of the partnership etc.I'm sure there are things that I'm missing that are super important and thoughtful to have in the OA.

In our market, multifamily units are not on the market with any great frequency.

That said I get nearly that level of frequency on my rental properties, however that is due to my Mom taking care of the things like filters and she always has some small project going in the yard or painting or what have you.

Look up sites like crime mapping . comFrom there you can input dates and see the frequency of the crimes and the severity of the offenses.

The bigger the house, the bigger the rent, but the bigger it is the frequency it gets rented diminishes.My market is a little different than yours. 

The difference has to do with:The number of loans in the portfolioThe dollar amount of the loans in the portfolioThe amount of effort required to service, collect, and repo the homes combined with frequency of non-performanceAnyone can order the manufactured housing industry white paper on seller finance at no charge by emailing Julie Anderson who handles our newsletter and other distributions of this kind.

What type of frequency should I be consulting with my CPA?

I am not high-frequency trader type by nature, with "balanced" risk/performance views if to be characterized by wall street terms... my goal to be equal or above 8% yield (really want to say 10% :)) while learning notes, hopefully getting into riskier assets with time (NPN) and getting into 15-18% territory within 3-5 years. 

@Steven Anderson, go to https://www.biggerpockets.com/alerts to check the alerts you receive, and the method you receive them.If that looks good, go to https://www.biggerpockets.com/settings/notificatio... to double check that you have the correct frequency set up - instant, daily or weekly.